A Florida federal judge on Monday Jan 28 ordered Woodbridge Group of Companies LLC and its former owner to pay more than $1 billion to resolve the U.S. Securities and Exchange Commission’s claims that Woodbridge operated as a Ponzi scheme involving a complex web of allegedly phony real estate and note investments and unregistered Florida-based …
ANOTHER Note Fund Shut Down, Fined $1 BILLION By SEC Read More »
Would you buy real estate hundreds of miles away from home? Most people would say, “No way!” Would you buy a real estate note hundreds of miles away from home? Before you say, “No way!” think about this: call the note a “stock” and you wouldn’t care where the real estate is — even if …
A package of 600 Great Value paper napkins purchased several years ago from WalMart cost $3.97. The same brand a few years later was the same price, but there were only 500 napkins. Last week, the same brand in new packaging still cost $3.97, but the napkin count was 300. The cause of this is …
The latest The Hill-HarrisX survey conducted on Jan. 12 and 13 found that 59% support the idea of raising the top tax rate to 70%. In the Hill-HarrisX poll, 45 percent of GOP voters say they favor it while 55 percent are opposed to it. Independent voters also backed the tax idea by a 60 to …
59% of Registered Voters Support Raising Top Tax Rate to 70% Read More »
Liberal New York City Mayor Bill de Blasio is rolling out a new plan that would potentially allow the city government to seize buildings of landlords who force tenants out — a plan his opponents say amounts to “straight communism.” De Blasio, in his State of the City address on Thursday, announced he wants to take …
USA or communist Cuba? NYC mayor pitches plan to seize private property Read More »
A New Jersey man who copped to stealing nearly $1.5 million from financially distressed homeowners, investors and institutions was sentenced to over 13 years in prison Tuesday in Rhode Island federal court, the U.S. Department of Justice announced. Hasan Hussain, 57, of Princeton, New Jersey, was the mastermind behind a six-year-long scheme in which he tricked vulnerable …
The U.S. Supreme Court mulled the applicability of a key federal law regulating debt collection to nonjudicial foreclosures during oral arguments on Jan. 7, with some conservative justices raising doubts about how different the widely used tool is from collecting a debt. Colorado homeowner Dennis Obduskey has argued that nonjudicial foreclosures are covered under the Federal Debt …
Nonjudicial Foreclosure Case Now Before The US Supreme Court; Ginsburg Absent Read More »
Believed to Have Over 400 Victims Nationwide, Including Individual, Family Offices, and Investment Groups – FBI Seeking Information Regarding Additional Victims Three men were indicted for allegedly victimizing hundreds of people across the U.S. in a $364 million Ponzi scheme. Kevin Merrill, 53, of Maryland; Jay Ledford, 54, of Texas and Nevada; and Cameron Jezierski, …
Nationwide Consumer Debt Portfolio Scheme Bilked Investors Out Of $364 Million Read More »
Too bad the Wall Street Journal doesn’t know about note investing. The yields are better than their #1 performer. Luxury assets, including wine, art, classic cars and fancy colored diamonds, have outperformed stocks and bonds this year. READ MORE: https://www.wsj.com/articles/the-best-investments-of-2018-art-wine-and-cars-11546232460
Associated Press photographer Kin Cheung spent time recently photographing some of the tiny subdivided housing units in Hong Kong, known as “coffin homes,” and those who live in them. Cheung reports that there is a “dark side to the property boom in wealthy Hong Kong, where hundreds of thousands of people priced out of the …
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